Will year-end tax plans look different this year? Absolutely. “The future is uncertain” maxim holds true every election year, but the coronavirus has amplified the uncertainties inherent in this year’s election. Regardless of who controls the White House and Congress, we cannot avoid change; in the months that follow, government leaders will need to determine [...]
Last year’s Black Friday weekend estimated that more than 93 million people performed their holiday shopping online, once again setting a record high according to the Adobe Analytics "2019 Holiday Shopping Trends" report. While many physical locations are still open for business, the COVID-19 pandemic has arranged online shopping to obliterate previous records. If you plan [...]
“What is my business worth?” That is the question every private business owner will ask at some point in time. While publicly-held businesses can instantly derive values from stock markets, the owners of privately-held businesses have no such markets available. Notwithstanding, the underlying concepts used to value public businesses are equally utilized by potential buyers [...]
CRI Partner A.J. Bowers will be discussing the updates to the Governmental Accounting Standards Board (GASB), allowing participants to determine new potential changes to accounting standards and implement those changes to comply with current GASB standards. This presentation will take place via virtual webinar on November 21, 2020.
On November 15, 2020, the Texas CLASS Public Funds Investment Act Training/GASB Update will be held online via virtual webinar. CRI Partner A.J. Bowers will be providing attendees of this webinar with an understanding of the GASB issued statements, how they affect the financial reporting model, and the questions to ask in order to determine [...]
CRI Partner Shane Hariel will be speaking on November 11, 2020 at the HFMA 2020 Conference via virtual webinar to healthcare finance professionals on the HHS funding streams. This presentation will cover the audit, cost report, HHS, and other funding streams.
ENTERPRISE, AL, (OCTOBER 13, 2020) – Carr, Riggs & Ingram (CRI) has announced that they will be presenting two free webinars to assist both individuals and businesses prepare for year end. The webinars, titled “Year-End Tax Planning: Optimizing Tax Benefits for 2020 and Beyond” will feature several different CRI tax partners who serve as leaders in [...]
What's New In late 2019, after months of discussion, CMS released its final rule on hospital transparency, mandating the disclosure of standard charges as well as negotiated rates. This update followed closely on the heels of the 2019 CMS requirement that hospitals publicly post their chargemasters and the subsequent executive order from President Trump calling [...]
The Small Business Administration (SBA) has recently issued guidance related to PPP loan forgiveness for loans of $50,000 or less. New Alternate PPP Loan Forgiveness Application A borrower of a PPP loan of $50,000 or less may use a new SBA Form 3508S to apply for loan forgiveness. A borrower that uses the new Form [...]
The Small Business Administration (SBA) has recently issued guidance related to changes in ownership of an entity with a Paycheck Protection Program (PPP) loan. This new guidance will provide additional information and clarity regarding the PPP. Change in Ownership A change in ownership is considered to have occurred when at least 20% of the ownership [...]
“Cash is king” has been the motto du jour for businesses across the nation. The coronavirus pandemic hit our economy hard, and businesses that overcame the initial financial setbacks did so by having quick access to cash. Some applied for cash grants, others strengthened their cash flow practices, and some explored new ways to make [...]
CRI Partner Robert Miller recently spoke via virtual webinar to the Alabama Association of Realtors on September 28, 2020. This presentation covered various topics related to the COVID-19 pandemic, Paycheck Protection Program (PPP) forgiveness, and taxes related to COVID relief.
Business growth, especially growth during economically trying times, is a great success and should be celebrated. But new growth can also bring a certain level of stress. To deliver promised products and services to new customers, most leaders will need to hire more workers. This responsibility can feel overwhelming, especially when leaders are unsure how [...]
The Internal Revenue Service (IRS) has turned the old audit paradigm on its head by introducing a new enterprise, or holistic approach that allows it to more effectively target its audits. This new initiative, announced by two IRS commissioners at a tax forum held on July 10, 2020, identified over 1,000 private foundation returns associated [...]
CRI Partner Craig Thompson will be speaking during the Atlanta State of the Market webinar on September 30, 2020. This webinar will cover the following questions and more: How is the recession affecting the appetite for Atlanta CRE among private and institutional investors? How has the capital stack changed with today's markets? Which alternative funding [...]
CECL Dashboard The daily dose of top headlines includes COVID-19, the presidential election, the Paycheck Protection Program, and now the Supreme Court's vacancy due to the passing of Justice Ruth Bader Ginsburg. In a world filled with differing opinions on face coverings, remote learning, testing, vaccines, economic stimulus, and more, it is relatively easy for [...]
ENTERPRISE, AL, (SEPTEMBER 23, 2020) - Carr, Riggs & Ingram (CRI) has announced a complimentary webinar entitled, “Gone Phishing: Defending Your Organization Against Social Engineering,” featuring CRI’s Director of IT Audits and Assurance, David Mills, and CRI Partner Tyler Mills. This webinar will take place on Tuesday, October 6, 2020, at 10:00 a.m. CDT. This [...]
Donor-advised funds—a term that you may have heard popping up as of late. Though this type of charitable giving vehicle has been around since the 1930s, it has only recently experienced a boom in growth. Between 2013 and 2018, contributions to donor-advised funds increased by 86 percent. The year 2018 saw $37.12 billion in contributions [...]
COVID-19 has transformed the traditional office environment in 2020 by creating an army of remote workers. For many businesses, workforces will be almost entirely remote through at least the end of the year. While this model brings benefits for companies and employees alike, it also brings challenges, including the need to rethink IT security risks. [...]
What will your legacy be? Donating to a nonprofit organization through an estate or trust is one way to ensure the cause you care about will be supported for years to come, even after you’re gone. It can be an emotional choice, but it's important to consider the financial implications of charitable giving to be [...]
